Proficio Capital Partners LLC Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Proficio Capital Partners LLC bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 71,804 shares of the business services provider’s stock, valued at approximately $16,525,000. Proficio Capital Partners LLC owned 0.13% of Clean Harbors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in shares of Clean Harbors by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 39 shares during the period. Icon Wealth Advisors LLC lifted its holdings in Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock worth $140,000 after buying an additional 45 shares in the last quarter. Traynor Capital Management Inc. boosted its position in Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after buying an additional 50 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after acquiring an additional 53 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Clean Harbors by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock worth $142,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 924 shares of company stock valued at $219,570. Insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CLH shares. Truist Financial lowered their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. StockNews.com cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday, February 20th. Finally, Robert W. Baird cut their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $270.56.

Clean Harbors Trading Up 1.3 %

Clean Harbors stock opened at $213.24 on Friday. Clean Harbors, Inc. has a 1 year low of $180.37 and a 1 year high of $267.11. The firm’s 50-day moving average is $230.70 and its 200-day moving average is $241.43. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a market cap of $11.48 billion, a P/E ratio of 28.74 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.82 earnings per share. On average, equities analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.